Get Paid For Your Pad | Airbnb Hosting | Vacation Rentals | STR Revenue Management

Freewyld Foundry
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Oct 3, 2022 • 34min

How to Leverage the Film Industry to Fill Your Airbnbs

Imagine seeing your short-term rental on the big screen! Production companies rent properties all over the world and pay a premium to film in those spaces.But you won’t find film crews on Airbnb. So, how do you tap into this opportunity?Laura Wegner is Founder of The Suite Life Whistler, a STR company out of Vancouver, British Columbia. She is also a former professional actor and advocate for the film industry with expertise in hosting production crews in her short-term rentals.On this episode of Get Paid for Your Pad, Laura joins me to explain how to list your property with the local film commission and share her standard operating procedure for vetting a production company.Laura discusses how her daily rate for a film crew compares to what she charges on Airbnb and describes how a crew might change your space to accommodate the script.Listen in for insight on designing your space to attract the interest of a location manager and learn how to leverage the film industry to fill your Airbnbs.Topics CoveredHow Laura’s experience as an actor inspired her interest in hostingThe Hallmark series that recently filmed on Laura’s property in Whistler, BCHow to list your property with the local film commissionLaura’s SOP for vetting a production company that’s interested in her propertyHow Laura’s daily rate for the film industry compares to what she charges on AirbnbLaura’s approach to negotiating price with a film’s location managerThe most popular days of the week or seasons for shooting a movie and how long filming takesWhy you may have to show your property several times before you get a bookingHow a crew might change your space to accommodate the scriptHow to design a short-term rental space to attract the film industryConnect with LauraThe Suite Life WhistlerThe Suite Life on InstagramLaura on VRBOResourcesPeerspaceNikki & Nora: Sister SleuthsCreative BCPeloton Bikes on GPFYP EP392GPFYP on YouTubeGPFYP on InstagramSTR Legends MastermindFREE Airbnb Starter GuideReview GPFYP on Apple PodcastsSTR Profit AcademyEmail team@overnightsuccess.ioSponsorLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 30, 2022 • 49min

How to Run a Quarterly Off-Site for Your Business

The number of day-to-day decisions you must make when running a business can be insurmountable. It's easy to let the creative team connection fall by the wayside. And let's be honest, ZOOM meetings aren't the same as carving out time away from the distractions of the office with the key players of your team somewhere new where the creative juices can flow. We've just returned from our team quarterly off-site, and today we're sharing our biggest takeaways from that experience with our listeners. On this episode of STR Conversations, Eric and I are walking you through the BIG benefits of shutting off technology and being 100% present with your key team members. We'll share why time away from the day-to-day is vital to solving the biggest challenges in your business—no matter what size your organization is.  Listen in for a breakdown of what precisely an off-site is and a behind-the-scenes look at our Q3 off-site for Freewyld and Overnight Success. We’ll offer you expert insight into how the BIG corporate teams, like Instagram, Facebook, and Google, evaluate their goals and share our biggest takeaways from our team off-site. Plus, we'll share our discovery that we've been operating Freewyld as hectic hosts and the actionable steps we're taking in Q4 and beyond to change that. If you are interested in an insider's look at the structured format we use for our off-sites, email us, and we'll get it right out to you. Topics Covered The difference in energy when the big players in a company gather to brainstorm ideasThe first thing to do during your off-site to get the creative juices flowingWhy shutting down technology is the key to solving the biggest challenges in your businessHow 90-day vision planning impacts your goalsThe most important part of the off-site (hint: it's not goal planning)Why it's essential to take a step back from the emotional attachment to your goalsHow do you evaluate your goals according to an expert who has run BIG corporate teams for companies like Instagram, Facebook, GoogleHow to develop a plan for the upcoming to ensure the success of your entire teamThe BIG difference between making it like Elon Musk and struggling as a hectic hostWhy shortcuts won't work for building a business (unless you do this)How making a decision empowers actionThe key difference between building an STR business and a hospitality brandResources  Get the Structured Off-Sites FormatLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsReview Get Paid For Your Pad on Apple PodcastsSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 26, 2022 • 39min

Charge Premium Rates by Hosting Bachelorette Parties

"Girls Just Want to Have Fun" and bachelorette weekends are an expanding short-term rental niche where you can charge premium rates and make bank. But they can also come with some very BIG drawbacks. So, how can you set the right expectations from the start so you can tap into the lucrative ‘girls trip’ market without ending up with noise complaints and destroyed property? STR investor Kent He saw the demand for bachelorette trips in Scottsdale, Arizona, so he studied the data, took a chance, and jumped in—a move that paid off! Now, he's using his influence in the STR space to advocate for the development of affordable housing for all. On this episode of Get Paid for Your Pad, Kent joins me to talk about why it's vital to have a niche to be successful in the Airbnb space today and how his bachelorette-themed properties are skyrocketing his revenue. We discuss how he gathered the data to make his properties a success and the role the Get Paid For Your Pad podcast played in helping him determine when the time was right to focus full-time on his short-term rentals. He'll share why paying attention to the smallest details makes the most impact in the girl getaway niche and how to bring your vision for your properties to life to give your guests an unforgettable 5-star experience. Listen in as Kent shares the 4 questions he uses to screen out problematic guests and the policies you must have in place if you want to successfully host girls weekends at your Airbnb properties. Plus, how a beauty bar and a Peloton bike help them attract right guest avatar. Topics CoveredWhy you need a niche to be successful in the Airbnb space todayHow Kent’s company uses their property names and images to draw in guestHow over-delivering on the small details delivers the best experience possible for all girl getawaysThe 4 questions Kent and his team use to vet their guests (and screen out problems)The critical policies you need in place if you want to host bachelorette partiesThe life-changing thing Kent learned from listening to the Get Paid for Your Pad podcastHow Kent and his team are using their Airbnb listings to debunk the myths and expand their mission for affordable housing for allConnect with Kent HeKent on Instagram ResourcesLe SoleiGirls trip @Spa de SoleiLindsey Petersen CollectionsLegends X STR AcceleratorGet Paid for Your Pad NewsletterLeave A Review of Get Paid for Your Pad on Apple podcasts for a chance to WIN FREE Airbnb Starter GuideSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 19, 2022 • 30min

Top Medium Term Rental Strategies for Airbnb Hosts

Fueled by the increasing demand for rentals for digital nomads and the uptick in regulations by cities on short-term rentals, medium-term stays are now the fastest-growing category on the Airbnb platform.So, how can we jump into the medium-term market and get all the benefits of investing in Airbnbs without the hassle of turnover or the risk of changing city regulations?Zeona McIntyre has been an Airbnb host since 2012 and owns 12 long-term, mid-term, and short-term units. As an avid real estate investor who owns and manages a double-digit portfolio, she teaches listeners how to achieve financial freedom through real estate on her podcast, Invest2FI. Zeona is the co-author of the soon-to-be-released book, 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term Rental.On this episode of Get Paid for Your Pad, Zeona joins me to talk about what constitutes medium-term and the advantages of these types of rentals.Listen in as Zeona shares some insider tricks for finding more customers, managing your calendar, and the special touches she adds to make her guests feel at home in her medium-term rentals. Plus, she reveals her secret insider trick for filling up last-minute bookings.Topics CoveredWhich type of rental is the most hands-off (and which is the intensive)The difference in ROI between short-term, medium-term, and long-term rentalsHow to use medium-term rentals to fill up your calendar when you are not ‘in-season’Where the highest demand for medium-term rentals is right nowWhere to find customers for your medium-term property rentalsBest upgrades to add to your medium-term rentals to impress your guestsHow Zeona manages her calendar to keep out the gaps in stays in her rentalsZeona's SECRET for filling up last-minute bookingsConnect with Zeona McIntyreZeona McIntyreZeona on InstagramResourcesPreorder 30-Day Stay: A Real Estate Investor’s Guide to Mastering the Medium-Term RentalWhat You Should Know Before You Buy Property with Zeona McIntyre EP110LandingFurnished FinderLeave A Review of GPFYP on Apple podcasts for a chance to WIN Sponsored ByLegends X STR Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 16, 2022 • 38min

How to Hire, Train, and Retain the Perfect Short-term Rental Virtual Assistants

Every day for an STR entrepreneur is filled with numerous tasks, some of which consume the time you could spend growing your business using your unique skills. If only you could get the low-level projects off your plate, freeing up your time to focus on taking your business to the next level. You can if you hire a virtual assistant (VA). It's easy to hire a VA. But it's not always easy to hire the right one, assimilate them into the culture of your business, and then keep them as a part of your team while growing their role. Most hosts don't have a plan for any of it, so they end up in the cycle of hiring and firing VAs until they throw in the towel and decide working with a VA isn't working. It doesn't have to be that way. On this episode of STR Conversations, Eric and I are announcing a special FREE step by step training we are dropping next week and share how you can be a part of it for FREE. We'll walk you through some of the most common mistakes STR hosts make when hiring and working with VAs and what we learned from some of our own (not-so-successful) experiences. Listen in for a preview of the upcoming training as we share everything from the types of tasks a good VA can take over for you, to where to find the right hire and how to ensure your partnership will be successful. If you are interested in hiring a virtual assistant or you want to work better with yours, the FREE Step-by-Step Plan to Hire, Train, and Retain the Perfect Short-term Rental Virtual Assistant is coming Monday, September 19 at 1:00 Pacific. Sign up here! Topics Covered How do you know if you are ready to hire a virtual assistantThe most common mistakes people make when they first start a partnership with a VAThe truth behind why your partnership with your VA isn't workingThe BIGGEST challenges of solving your VA hiring issuesWhat you need to do before you hire your first Virtual AssistantHow to test your systems to be sure they are ready for actionWhy you need to create your systems NOW (and how to use FREE software to do so)The #1 reason virtual assistants leaveWhere to find your first top-quality hit-the-ground running virtual assistantHow to successfully onboard your new VA team member to set them up for successDetailed strategies to help your VAs feel like the talented team members they areResources  Virtual Staff Finders4 Hour Work WeekThe 15 Commitments of Conscious LeadershipLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 12, 2022 • 28min

$1740 in One Day on Peerspace???

Right now, many property owners and managers are looking into ways to expand their bookings for the slow season ahead. So, how can we monetize our rental spaces outside of Airbnb and expand our bottom lines? Jackie Nedin is the CEO of PHX STAYS, specializing in Arizona vacation rentals and boutique style management with properties in Chandler, Phoenix, Gilbert, Tempe, Mesa, Queen Creek, Sun Lakes, and Scottsdale. With award-winning interiors and details that celebrate what’s unique about every city, PHX STAYS is bringing enriched experiences to their guest and property owners. On this episode of Get Paid for Your Pad, Jackie joins me to talk about how a bad month for her STR properties, combined with an email from Get Paid for Your Pad, led her to try listing her properties on Peerspace. She shares the unique features of her most popular property and how her ‘drive right in’ spirit led her to a $6K return in one month from the Peerspace site. Listen in as Jackie shares the types of events for which her spaces have been used and what kinds of rentals work best in the Peerspace marketplace. Plus, her advice for those in the STR space looking to list their properties on Peerspace. Topics Covered What prompted Jackie to get into the STR space and PeerspaceWhat niches work best with PeerspaceWhy not every space is a good fit for PeerspaceThe array of uses Jackie’s properties have been used for through PeerspaceHow rates and reviews work with PeerspaceThe most important things to consider when you want to use your properties within PeerspaceWhat types of spaces are photographers looking for photoshootsHow Peerspace has changed the types of rental properties Jackie is seeking to invest inHow to get repeat guests on the Peerspace marketplaceJackie’s advice for those looking to get into the Peerspace modelHow Jackie and her team are planning to go forward with Peerspace Connect with Jackie NedinPHX STAYSPHX STAYS on Instagram Resources PeerspaceHow to Rent out spaces for events on Peerspace (EP470)Legends X STR AcceleratorGet Paid for Your Pad NewsletterFREE Airbnb Starter GuideSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 9, 2022 • 44min

Don’t Forget to Celebrate!

"The people who are crazy enough to think they can change the world are the ones who do." — Steve Jobs Every single human has the same number of hours in a day. But high-achieving enterprising individuals such as Kevin Hart, Elon Musk, and Tim Kennedy seem to make better use of their time, exploring what's next while investing in the now to make the impossible possible. So, what's the difference between them and you and me? It's all about the decisions we make! On this episode of STR Conversations, Eric and I discuss the 3 things you need to achieve more significant results in your business and life with less effort. We'll share an update on the hotel purchase process, and our recently discovered insight into the two-pronged challenge of buying existing STR properties or other businesses. Tune in as we discuss what you need to focus on to achieve the biggest ROI on your investment in your business. We'll walk you through the 2 qualities the most successful people share and delve deep into how you too can obtain your true vision for your business. Listen in as we share the key components of the host vision map and the steps to take to make it a reality. Plus, we share some success stories from our Legends X students and offer tips for our listeners on celebrating your wins to help you stay the course to your success. Class 5 of Legends X begins October 17th - Right now, we're offering a $500 discount on the program for fast action takers. APPLY NOW! Topics Covered The key difference between acquiring real estate and acquiring a businessWhy it's VITAL to determine your end goal or exit strategy in the beginning (especially when working with investors)The 3 things you need to build BIGGER for the futureWhere you get the biggest ROI on your investment in your businessWhy the vision pillar is the first pillar of the Legends X programThe key components of the Host Vision MapWhat consistency really requiresHow celebrating the small wins can keep you on target on your trek toward your BIG goalsHow to formulate a holistic approach to obtaining your BIG visionResources  American GluttonLegends X Short-Term Rental AcceleratorFREE Airbnb Starter GuideGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsReview Get Paid For Your Pad on Apple PodcastsSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 5, 2022 • 36min

Uplevel the Experience for Your Guests with Minoan

"Even though 99% of retail happens on screens or shelves, those aren't where the real moments are. The real moments are in native settings."— Marc Hostovsky Thousands of advertising dollars are spent on Facebook, Google, and Instagram pop-ups and influencers to create meaningful moments with products.However, all of it still misses the mark on the end-user experience. Hosts have a lot of value in this attention economy, and they're not getting credit for it. But my guest is out to change that. Marc Hostovsky is the founder of Minoan, a platform where hosts can purchase furniture and amenities at a 30 to 60% discount and then make the items shoppable for their guests and earn a commission. On this episode of Get Paid for Your Pad, Marc joins me to talk about how his background in retail gave him the idea for Minoan. He'll walk us through Minoan's unique marketing partner relationship with some of the top brands in the home furnishings space. We discuss how to use higher-end furnishes and appliances to create a more cohesive look for your brand and a more unique (and memorable) guest experience—a win-win for both sides of the equation.  Listen in as Marc shares some of the brands they are currently working with, their plan for future expansion, and how working with them can change the economics of your STR business. Plus, Get Paid For Your Pad listeners can get a $25 credit for signing up with Minoan today!Topics CoveredWhat's the fastest‌ growing segment in hospitalityMarc walks us through how the idea for Minoan clicked for himWhere you should invest in the higher quality furnishings for your rental spacesWhere the best product experiences happen for consumersThe value of STR hosts in the 'attention economy'The benefits for brands to have items in your rental propertyThe 2 biggest benefits of working with Minoan to furnish your STR listingsHow the commission structure works for hosts partnering with MinoanConnect with Marc HostovskyMinoanMarc on LinkedInResourcesGet a $25 Credit on Your First Order with MinoanLegends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Sep 2, 2022 • 41min

Are We Buying a Hotel???

The STR industry is changing. With more investors, bigger companies, and new laws cropping up daily investors (like us) are asking what the best way is to scale? For us, the answer is turning our focus to buying properties you can legally run as short-term rentals forever. The biggest opportunity in our industry right now is acquiring old vacation rental communities to convert into modern short-term rental experiences.But how does the process for acquiring these properties work? On this episode of STR Conversations, Eric and I discuss why the next natural phase in the STR business is acquiring boutique hotels. We'll walk you through our search for the 'right' property, how we found the property we are working on acquiring, and the features that make this hotel perfect for adding to the Freewyld portfolio. Tune in as we discuss the steps in the hotel purchasing process. We share the scenarios and analysis process we used to develop our offer, how the due diligence process works, and what we're learning through this transaction. Listen in to learn the most important things to keep in mind when working deals to purchase hotel properties. Plus, a behind-the-scenes look at how we plan to integrate this property into our Freewyld brand.  Topics Covered The big shift in the current real estate market that's increasing investment buying powerWhy it's vital to look at now but also look ahead when investing in STR propertiesHow we used the property abundance plan to build the relationships that led to this opportunityThe 2 BIG perks with this property for immediate cash flow and next-level income for our brandThe benefits we offered to the seller to make the transaction go smoothly on both sidesHow this purchase will affect our staffing needs (hint: we'll remain 100% remote)The most critical aspects of due diligence when working bigger deals like theseWhat the numbers for this property look like now vs. the potentialWhy markets where you can maintain higher occupancies are the biggest opportunity for STR investors right nowResources  Legends X Short-Term Rental AcceleratorSTR Legends MastermindGet Paid for Your Pad NewsletterSubscribe to GPFYP on Apple PodcastsEmail jasper@getpaidforyourpad.comSponsored ByLegends X Short-Term Rental Accelerator Hosted on Acast. See acast.com/privacy for more information.
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Aug 29, 2022 • 38min

How to Fill Your Calendar with Direct Bookings

Online Travel Agencies (OTA) spend millions in marketing and advertising to drive online searches to their websites. A great thing for STR hosts. Or is it? It’s dangerous to have all your STR hosting business on a site you don’t own. But it can be just as risky to go 100% in direct bookings. So how can you be sure you have a healthy mix of OTA and direct bookings? And how can you drive more direct bookings to expand your brand? Mark Simpson is the founder of Boostly and the host of The Boostly Podcast. As one of the top consultants in the STR industry, Mark has worked with thousands of hosts to help them increase their direct bookings and build better websites and marketing campaigns. On this episode of Get Paid for Your Pad, Mark joins me to walk us through how to diversify your bookings to maximize your income. He’ll walk us through the 3 main strategies you can use to drive your guests to book with you directly, plus ways to use the personalization options on Airbnb to boost your brand and your direct booking book of business. Listen in to learn how to make the visibility of the OTA booking sites work for you instead of against you and why it’s vital to build your STR business on ‘your own land.’ Mark shares how you can find out your direct booking marketing score for FREE, plus an opportunity for one of our listeners to win a personalized marketing consultation! Topics Covered Why you need a healthy mix of direct and OTA bookingsHow to make the visibility of the OTA booking sites work for youThe biggest mistakes hosts make when they start with direct bookingsHow to use your Airbnb listing to engage bookings on your brand’s booking websiteThe one question to ask your former guests to land more bookingsFREE ways to use social marketing in your niche for more visibilityWhen to use OTA and when to use direct bookings in your STR hosting journeyHow to find out your direct booking score Connect with Mark SimpsonBoostlyMark on InstagramResourcesFind Out Your Direct Booking Marketing ScoreKristen and MichaelHow To Use Email Marketing To Drive Bookings (EP. 332)Legends X STR AcceleratorGet Paid for Your Pad NewsletterSTR Legends MastermindEmail jasper@getpaidforyourpad.com Hosted on Acast. See acast.com/privacy for more information.

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